---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-016853"
form_type: "8-K"
ticker: "GT"
cik: "0000042582"
company_name: "GOODYEAR TIRE & RUBBER CO /OH/"
filed_at: "2023-01-27T23:59:59+00:00"
generated_at: "2026-06-20T07:28:11.291531+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Goodyear to cut 500 salaried jobs (~5%); EMEA Q4 operating loss ~$80M

## Summary
- Approved rationalization plan reducing global salaried staff by ~500 positions (5%) in Q1-Q2 2023.
- Pre-tax charges of ~$55M, including ~$39M cash severance; $37M recorded in Q4 2022.
- EMEA unit expects Q4 segment operating loss of ~$80M due to weak demand and inflation.
- Plan expected to deliver $15M quarterly run-rate benefit from Q2 2023; $5M saved in Q1.
- Actions complement Cooper Tire integration synergies and prior Melksham/TrenTyre exits.

## SEC filing metadata
- accession: 0001193125-23-016853
- form_type: 8-K
- ticker: GT
- cik: 0000042582
- company_name: GOODYEAR TIRE & RUBBER CO /OH/
- filed_at: 2023-01-27T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 2.05, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/42582/000119312523016853/0001193125-23-016853-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/42582/000119312523016853/d395856d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-016853
- JSON: https://secwatch.observer/filing/0001193125-23-016853.json
- Plain text: https://secwatch.observer/filing/0001193125-23-016853.txt

## Key facts
- Earnings Releases
  GOODYEAR TIRE & RUBBER CO /OH/ reported preliminary financial results for fourth quarter of 2022.
  - Period: fourth quarter of 2022
  - Result: preliminary results
  source text: A copy of a News Release issued by The Goodyear Tire & Rubber Company (the “Company”) on Friday, January 27, 2023, describing certain aspects of its results of operations for the fourth quarter of 2022, is attached hereto as Exhibit 99.1.
  evidence_url: https://www.sec.gov/Archives/edgar/data/42582/000119312523016853/0001193125-23-016853-index.htm
- Restructurings & Charges
  GOODYEAR TIRE & RUBBER CO /OH/ announced a restructuring with charges of approximately $55 million (approximately 5 percent reduction in salaried staff globally, or about 500 positions).
  - Type: restructuring
  - Charge: approximately $55 million
  - Headcount: approximately 5 percent reduction in salaried staff globally, or about 500 positions
  source text: substantially complete the rationalization plan during the first and second quarters of 2023 and estimates total pre-tax charges associated with this action to be approximately $55 million, of which approximately $39 million are expected to be cash charges primarily for associate-related and other exit costs, with the remainder representing non-cash charges
  evidence_url: https://www.sec.gov/Archives/edgar/data/42582/000119312523016853/0001193125-23-016853-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.